News Column

Crude Oil Bubbles Up a Little

June 21, 2013
oil well

The price for a barrel of crude oil on the New York Mercantile Exchange gained 38 cents overnight to $95.52 per barrel Friday morning.

Prices recovered from Thursday's drop, which was prompted by a global sell-off in equity markets, a reaction to news the U.S. Federal Reserve could begin to wind down a stimulus program this year.

Reformulated blendstock gasoline, which lost more than 10 cents Thursday, also rebounded slightly, gaining 1.59 cents to $2.7934 a gallon.

Home heating oil gained 1.46 cents to $2.8876 a gallon.

Natural gas shed 0.4 cents to $3.873 per million British thermal units.

At the pump, the average price for a gallon of unleaded regular gasoline was $3.592, down from Thursday's $3.598, the AAA Fuel Gauge report said

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Source: Copyright UPI 2013

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